Goldman Sachs Group Inc SEC Filings

GS Finance Corp. offers callable S&P 500® Futures Excess Return Index‑linked notes due May 20, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the E‑mini S&P 500 futures return, carry an upside participation rate of 205%, and include a trigger buffer of 60%. The issuer may redeem the notes on monthly call payment dates beginning in May 2027 through April 2031 at 100% of face plus a specified call premium. If not redeemed, maturity payoff per $1,000 face depends on the underlier return from the trade date (expected May 15, 2026) to the determination date (expected May 6, 2031): gains are multiplied by 205%, flat outcomes occur if the final level is ≥60% of initial level, and losses can result in a total loss of principal. The estimated value on the trade date is expected between $885 and $935 per $1,000 face amount. Credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., negative roll yields for futures, market disruption and tax‑treatment uncertainty are highlighted.

GS Finance Corp. is offering medium-term, equity-index‑linked notes due December 3, 2029 with a face amount of $1,000 per note. The notes link to an equally weighted basket (50% S&P 500®, 50% EURO STOXX 50®), repay principal at maturity and provide 100% upside participation subject to a at least 25.20% maximum return (minimum maximum maturity payment of $1,252). The estimated value on the pricing date is between $900 and $930 per $1,000 face amount. Original offering price is $1,000 with an underwriting discount up to 3.325% (up to $33.25), leaving proceeds to issuer of $966.75 per note. Payments are subject to issuer and guarantor credit risk; there are no periodic interest payments and no exchange listing.

GS Finance Corp. is offering autocallable notes linked to the EURO STOXX® Banks Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have a participation rate of 150%, may be automatically called between 12 and 14 months, and otherwise mature at an expected ~24 months. If called, cash paid per $1,000 face amount is set between $1,193.3 and $1,226.8. At maturity, holders receive (i) $1,000 plus 1.5× index gain if the final level is higher, (ii) $1,000 if the final level is down but not below 60% of the initial level, or (iii) a loss proportional to the index decline if the final level is below the 60% trigger buffer (investors could lose their entire investment). The estimated value on the trade date is between $940 and $970 per $1,000 face amount.

GS Finance Corp. is offering notes (aggregate face amount $1,056,000) linked to the Goldman Sachs Momentum Builder® Focus ER Index with an automatic call feature and a stated maturity of May 9, 2033. The notes pay either an automatic call payment (capped call premiums that increase each year) or, if not called, a cash settlement at maturity that returns $1,000 plus upside participation—100% participation of positive index return—or only the face amount if the index return is zero or negative. The notes do not pay interest and are unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The estimated value on the trade date was $899 per $1,000 face amount; original issue price equals face amount with a 4.25% underwriting discount. Key dates include trade date May 4, 2026, original issue date May 7, 2026, determination date May 2, 2033 and stated maturity May 9, 2033. Prospective purchasers should review the index methodology, volatility and momentum controls, the 0.65% per annum index deduction, credit risk of issuer/guarantor, and tax treatment described herein.

GS Finance Corp. is offering medium-term, equity index linked notes due May 31, 2030 that are linked to the Nasdaq-100 Index®. Each note has a $1,000 face amount and pays at maturity either the face amount or the face amount plus a positive return equal to 100% participation in the underlier's increase, subject to a maximum return of at least 28.10% (maximum maturity payment at least $1,281). The notes repay principal at maturity (subject to issuer and guarantor credit risk), pay no periodic interest and are designed to be held to maturity.

The pricing date is May 28, 2026, the original issue date is expected to be June 2, 2026, and the calculation day is May 28, 2030. The estimated value at pricing is stated as between $900 and $930 per $1,000 face amount; the original offering price is $1,000, with underwriting discounts up to $38.25 per note. All payments are subject to GS Finance Corp. and The Goldman Sachs Group, Inc. credit risk.

GS Finance Corp. offers Autocallable Contingent Coupon Index-Linked Notes due May 11, 2029 guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $8.209 per $1,000 (0.8209% monthly, up to ~9.85% per annum) if each underlier meets its coupon trigger (60% of initial level) on observation dates. The notes are automatically called on quarterly call observation dates if each underlier is at or above its initial level; if not called, the cash settlement at maturity is based solely on the performance of the lesser performing underlier, with potential loss of principal down to 0% of face. Trade date is May 8, 2026 and original issue date is May 13, 2026. The underliers are the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000. Pricing, underwriting discounts and estimated value disclosures are set forth in the supplement and the accompanying prospectus; the notes are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering $1,000-face, autocallable contingent coupon index-linked notes due May 22, 2031, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 indices and pay a contingent monthly coupon of $7.375 per $1,000 (0.7375% monthly, up to 8.85% per annum) when each underlier meets its coupon trigger (70% of its initial level). The notes are automatically called on specified quarterly observation dates if every underlier is at or above its initial level, in which case holders receive $1,000 plus the coupon then due. If not called, the cash settlement at maturity is based solely on the performance of the lesser performing underlier; a final level below the 70% trigger buffer can produce substantial principal loss (example: a final level of 17.00% would yield 17.00% of face, an 83.00% loss compared to face). The pricing supplement highlights credit risk of the issuer/guarantor, model-derived estimated values below the original issue price, potential illiquidity, and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering $500,000 aggregate face amount of Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside Principal at Risk, guaranteed by The Goldman Sachs Group, Inc.

Each security has a $1,000 face amount, a starting price of $68.60 (pricing date May 4, 2026), an original offering price of $1,000 and an estimated value at pricing of approximately $946 per $1,000 face amount. Monthly contingent coupons of $35 per $1,000 (a stated contingent coupon rate of 42.00% per annum) are payable only if the underlying stock’s closing price on a calculation day is at or above the coupon threshold (60% of the starting price). The securities may be automatically called if the stock closing price on any call date from November 2026 through April 2027 is at or above the starting price; if called, holders receive face amount plus a final contingent coupon. If not called, maturity is May 7, 2027, and principal repayment depends on the ending price relative to the downside threshold (60% of the starting price). If the ending price is below that threshold, investors can lose more than 40%, potentially all, of their face amount. Payments are unsecured obligations subject to issuer and guarantor credit risk.

GS Finance Corp. offers $6,417,500 in Trigger Autocallable GEARS linked to the S&P 500® Index due 2031, guaranteed by The Goldman Sachs Group, Inc. The securities pay no coupons, may be automatically called on May 11, 2027 (call payment May 14, 2027) and settle at maturity on May 8, 2031 (determination May 5, 2031). Investors receive enhanced upside exposure via a 1.50 upside gearing if the final index level exceeds the initial level (initial index level 7,200.75), receive full principal at maturity only if the final index level is at or above the 80.00% downside threshold, and face full downside market exposure if the final index level is below that threshold. Payments are unsecured and subject to issuer and guarantor credit risk.